--- title: "Gold Rallies to 3-Month High" type: "News" locale: "en" url: "https://longbridge.com/en/news/296629959.md" description: "Gold rallied to a three-month high, breaching its 200-day moving average, driven by a weak U.S. dollar and Treasury liquidity support announcements. Spot gold climbed 1.5% to $4,587.23 per ounce, while futures rose 1.6%. The metal gained 5% for the week, though retail demand in India cooled due to price surges. Silver, platinum, and palladium also posted gains." datetime: "2026-08-21T14:22:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296629959.md) - [en](https://longbridge.com/en/news/296629959.md) - [zh-HK](https://longbridge.com/zh-HK/news/296629959.md) generator: "portal-rs" --- # Gold Rallies to 3-Month High Gold was set to rise for a third consecutive week on Friday, scaling a more-than-three-month high and breaching ?its 200-day moving average, ?driven by a feeble dollar and the U.S. Treasury’s surprise mid-week liquidity support announcement. Spot gold climbed 1.5% to $4,587.23 U.S. an ounce, having hit $4,601.29 — its highest since May ?15 — ?earlier in the session. U.S. gold futures rose 1.6% ?to $4,645.00. Bullion has gained 5% so far this week after its biggest one-day gain since early February on Wednesday, but ended lower on Thursday as bond yields rose following a selloff. The metal is now trading above all its ?key moving averages, with the 200-day moving average currently around $4,513.23. Speculators ?who trade on technical signals regard a break above key moving averages as a bullish signal. U.S. Treasury Secretary Scott Bessent signaled he could ramp up government buybacks of Treasuries even ?further, after the department announced on Wednesday it would double the size of its ?buybacks on longer-dated securities. Two Federal Reserve officials expressed caution when ?asked how the Treasury Department’s debt management changes could affect the U.S. central bank’s monetary policy stance. Gold, a non-yielding asset, loses appeal when rates rise. The recent rally in prices deterred retail buyers in India, while demand in top consumer China held steady. Elsewhere, ?spot silver gained 2% to $69.48 U.S. per ?ounce, platinum climbed 2.5% to $1,873.58 U.S., while palladium rose 1.2% to $1,349.58 U.S. ### Related Stocks - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [PPLT.US](https://longbridge.com/en/quote/PPLT.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [PALL.US](https://longbridge.com/en/quote/PALL.US.md) - [GLDI.US](https://longbridge.com/en/quote/GLDI.US.md) - [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [AGQ.US](https://longbridge.com/en/quote/AGQ.US.md) - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) - [SLVO.US](https://longbridge.com/en/quote/SLVO.US.md) - [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md) - [SLVR.UK](https://longbridge.com/en/quote/SLVR.UK.md) - [DULL.US](https://longbridge.com/en/quote/DULL.US.md) - [SHNY.US](https://longbridge.com/en/quote/SHNY.US.md) ## Related News & Research - [Why is your gold waiting on a speech?](https://longbridge.com/en/news/296733808.md) - [Thailand to discuss proposed taxes with gold association this week, Finance Minister says](https://longbridge.com/en/news/296736129.md) - [PRECIOUS-Gold drops after sharp gains as inflation concerns come to the fore](https://longbridge.com/en/news/296506502.md) - [PRECIOUS-Gold holds steady with Fed minutes in focus](https://longbridge.com/en/news/296310600.md) - [11:11 ETU.S. Money Reserve and Visual Capitalist Announce Strategic Content Partnership to Advance Precious Metals Education](https://longbridge.com/en/news/296247272.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**